From niche libertarian tools to buy dark market merchandise to the trillion dollar industry with ETFs and the biggest scam of a generation, cryptocurrency evolution is extraordinary, but as Wall Street continues to load, adult toys are thrown into basketball players. What are we doing too?
Exchanges and Coins have been boasting about credit card collaboration for years, and while there may be arguments about having credit cards and using them extensively over the past decade, especially when rates are very low, partnering with Mastercard or Visa is either innovative or exchanged is odd.
The latest terrible cryptography created with this pulsation is “Gemini Credit Cards – XRP Edition.”
Read more: CFTC claims Gemini cover-up: executive funding market manipulation
So, what does the “XRP Edition” look like for this Gemini Mastercard Partnership?
Well, it looks exactly like a regular Gemini Mastercard, but there are two subtle differences. The card is blue and says “XRP” in the top right corner. Maybe you think this card can earn more rewards in XRP or provide more mechanics to earn XRP than Gemini MasterCard.
You’ll be wrong.
At the end of the website offering, Gemini stated: “The XRP card functionality remains the same as all Gemini cards today in the market, but with an innovative design to show loyalty for the XRP military.”
Show your loyalty? A virtually useless cryptocurrency that originally intended to settle a bank and never realized its dream? why? Why would someone want to show loyalty to it?
Baby’s first opsec
Even if you ignore the fact that cards literally don’t offer new use cases, reward mechanisms, or even different rates, it’s also an incredibly awful personal operational security misstep.
The card not only quickly shows that cardholders have a cryptocurrency account in Gemini, but also explicitly proves that they spent time buying and holding XRP, which is now $3 from 30 cents a few years ago. Why not ask people to take you at the muzzle instead?
Given the obvious rise in crypto-related inducements, robberies and robberies this year, it appears that both Gemini and Ripple’s financial and security geniuses have determined that the best OPSEC is not actually OPSEC.
